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IRIS Exchequer and Serco Learning join forces to deliver class leading business intelligence to schools

17th Oct 2008
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A new partnership has been announced between IRIS Software, the largest privately owned software business in the UK, and Serco Learning, one of the leading private sector partners working within the educational arena, that lays the foundations for the development of a new tightly integrated business intelligence and financial management system for schools.

This major contract win for the IRIS Exchequer accounting and business solution has significant long-term potential. IRIS (www.iris.co.uk/exchequer) was chosen as Serco’s trusted partner following stringent evaluation of Exchequer and its unique qualities. It is anticipated that the collaborative system, ‘Serco Exchequer for Schools’, will be rolled out to more than 200 schools across the UK. The new system, with Exchequer at its heart, is designed to extend business intelligence deeper into school operations providing greater visibility of financial detail to improve decision making. The Exchequer system is currently being piloted in four key schools to ensure it will meet the exact demands of the education market.

Serco Learning cited the Exchequer system’s strong reporting facilities, its usability and its multiple cost centre and departmental functionality as pivotal in its decision to award the contract to IRIS.

Paul Sparkes, Product Director of IRIS Accounting and Business Solutions, commented: “This is an excellent achievement and we are delighted to be working so closely with Serco Learning to provide a fully integrated solution for schools with Exchequer deep at the heart of it. The strength of our integration tool sets played a huge part in the decision making process as Serco Learning realised that it would be far simpler to partner us rather than set about developing their own financial system from scratch. The potential for the partnership is huge.”

Paul Harrington, Product Manager of Serco Learning explained why the IRIS Exchequer system was selected as the basis of its financial solution during Serco Learning’s rigorous tendering process: “Education is a distinctive market with specific needs. Serco Exchequer for Schools combines tried-and-tested industry standard functionality with aspects vital for today’s bursar. The integration with a school’s MIS means that bursars can drill-down into individual records, can integrate with Microsoft Excel for realtime reporting and print and collate reports for governors’ meetings without the administration hassles.”

Paul continued, “As schools get bigger and budgets get larger, bursars have more to manage and therefore now more than ever need a solution which will make the school finances easier to administer. We believe that Serco Exchequer for Schools will do exactly that.”
IRIS is the current holder of title ‘Financial Software Provider of the Year’ for the Exchequer solution in the FDs’ Excellence Awards and it continues to challenge the mid-market sector through the introduction of innovative ways to streamline processes, maximise productivity and efficiency with a product that has been finely tuned to meet the changing needs of its customers.

Ends

IRIS Accounting and Business Solutions

With over 20,000 medium sized organisations as clients, IRIS is a leading provider of mid-market accounting and business solutions. IRIS’ objective is to empower those operating in clearly defined sectors that include wholesale and distribution, retail, construction, not-for-profit, architectural practices, engineering, and management and IT consultancies with the tools and services to optimise operational efficiency and enable the best chance of competitive advantage.

Within the IRIS product portfolio are a wide range of business critical solutions including the ‘flagship’ product, IRIS Exchequer, project management and professional services automation software and HR and payroll products; all underpinned by superior managed hosted and Saas service offerings.
Personal service is a key factor that has helped IRIS to secure consistent success in independent user surveys and in industry award programmes.

IRIS Accounting and Business Solutions is part of IRIS, one of the fastest growing and now the largest privately owned software and services business in the UK. It has revenues of c£120m p.a. and c1,200 employees servicing over 60,000 UK businesses from a national network of offices.

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